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GS Finance plans to price notes linked to S&P 500, Russell 2000
By Angela McDaniels
Tacoma, Wash., Aug. 13 – GS Finance Corp. plans to price 0% notes due Aug. 30, 2024 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of each index is greater than or equal to zero, the payout at maturity will be par plus at least 100% of the return of the lesser-performing index.
If the return of either index is less than zero but the return of each index is greater than or equal to negative 35%, the payout will be par plus the absolute value of the lesser-performing index’s return.
If the return of either index is less than negative 35%, investors will lose 1% for every 1% that the lesser-performing index declines from its initial level.
The notes will be guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
The notes are expected to price Aug. 27.
The Cusip number is 40056FYJ8.
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